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22/01/17
11:25
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Originally posted by steve4377
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Worth reading the original prospectus and the last annual report on the Spotless website. Shows what they are trying to pull off and gives fuller picture of the cornerstone of the company. They have massive, multiple long term contracts in place, some running for twenty years! They show a pipeline of potential contracts in the multiple billions of which surely they will win some. They are the biggest among their peers and are designing a management team to specifically target new work in coming years. All this on an NPAT of $140 mil and $120 mil in last two years. If they get their ducks in a row then there will be plenty of upside me thinks. Happy flighting...
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i bought when the shares halved in value since the IPO......not taking the prospectus too seriously as that is usually a hyped up document within the regulations